In this 10-K, "we", "us", "our", "MREIC" or "the Company", refers to Monmouth
Real Estate Investment Corporation, together with its predecessors and
subsidiaries, unless the context requires otherwise.
The Company is a corporation operating as a qualified real estate investment
trust (REIT) under Sections 856-860 of the Internal Revenue Code of 1986, as
amended (the Code). The Company has been a REIT since 1969 and intends to
maintain its qualification as a REIT in the future. As a qualified REIT, with
limited exceptions, the Company will not be taxed under Federal and certain
state income tax laws at the corporate level on taxable income that it
distributes to its shareholders. For special tax provisions applicable to REITs,
refer to Sections 856-860 of the Code.
The Company was established in 1968 as a New Jersey Business Trust (NJBT). In
1990, the NJBT merged into a newly formed Delaware corporation.